Business
Business
State Bank announces monetary policy
The State Bank of Pakistan earlier today announced the new monetary policy for the next two months reducing the interest…
FESCO privatisation issue: due diligence finds host of issues
After unearthing problems in privatising the national carrier, the Privatisation Commission (PC) is all set to face another fiasco. The…
Local industry wants incentives, protection from India
As attempts to increase exports fall flat on their face and the local industry cribs all the time, the country…
PM Sharif chairs meeting of industries & traders’ representatives
Prime Minister Nawaz Sharif is chairing a meeting of representatives of industries and traders today in Islamabad. The meeting will…
Ending stagnation: PIA looking to steer itself
The Pakistan International Airlines (PIA) appears to be coming out of years of stagnation, as it recorded an operational loss of…
Trade deficit shrinks by 8.4% to $3.8 billion
Raising fears of a gradually slowing economy, the latest figures reveal that the trade deficit has contracted 8.4%, with exports…
Pakistan set to sign 40-year lease for Gwadar port with Chinese company: officials
Karachi: Pakistan is set to sign a 40-year-lease with a Chinese company to develop a massive special economic zone in the…
Corruption charges: NAB arrests CEO of CSIBL, MDCL
The National Accountability Bureau (NAB) has arrested chief executive officer of Magrib Development Corporation and Crescent Standard Investment for misuse…
Telecom: Pakistan to have 40 million smartphones by year end next year
There might be as many as 40 million smartphones in Pakistan by December 2016, according to market estimates, based on…